Pension scandal in tough times
Published 10/11/2011 | 05:00
A year on from the EU/IMF bailout, the lavish pensions being paid to former ministers demonstrates yet again that our political leaders still don't get it.
At a time when families are struggling with job losses, wage cuts, tax increases and negative equity, it is utterly absurd that more than 20 former Taoisigh and ministers are being paid annual pensions in excess of €100,000.
In fewer than four weeks Finance Minister Michael Noonan will unveil the 2012 Budget, which is expected to contain details of a further €1.6bn in new and increased taxes, an average of more than €1,000 for every household in the country.